Finding a perfect real estate agent in Pakistan not an easy task to do, especially when you are looking for one for the very first time. While trying to buy a house, you will come across many claiming to be among the top real estate developers in Pakistan. But not every other real estate agent or agency is worth the choice. Many these days in Pakistan tend to purchase residential plots on easy instalments, construct houses and later sale them. Whereas, becoming a real estate agent is a lot different. One needs years of exhaustive experience and clientele to be able to rank itself among the top real estate developers in Pakistan.
The quest for finding a perfect real estate agent in Pakistan is a vigorous task. You might feel as if you have entered a whole new dimension of this world. With the development of affordable housing societies and booming real estate market, your quest has become even more complex. But do not worry, we are here to help! Here is all that you need to do to find the perfect real estate agent in Pakistan…
Get Help from You Network
You must be planning to purchase a property or move into a new place. This relatively means that you might not be familiar with the new place and its list of real estate agents. Therefore, you will need people to help you find real estate agents. In Pakistan, you may find multiple communities online where you can share your query and get results. But beware, do not open your financial status to anyone online.
In case you want to work the traditional way, ask around in your circle to help you find good real estate agents. You can prioritise your friends and family that have recently bought or sold a property and are happy with the deal. You might hit just the right target and find few of the top real estate developers in Pakistan. But this does not end the task here, there is more to it, you need to research!
Research and Research
Once that you have shortlisted candidates, it is now time to research. After all, not all real estate agents are worth investing for.
During the research phase, it is essential for you to check for their online presence. Unfortunately, even the top real estate agencies in Pakistan do not have an active digital presence. Thus, you may skip this part and rather meet the agent one on one to analyse where he stands as a professional. In addition, you may also ask around the referrals to provide you with the information that you require. But what information is important?
Whether doing a one on one research or asking the referrals, this is what you need to know:
You must know the experience that a real estate agent holds in its field, whether he is an expert for selling or purchasing, everything matters! If he is an expert in selling property, his experience must be of at least 4 years. However, if he is an expert for purchasing, the minimum experience required is 2 years.
These are just random figures based on people’s experience but in general, a perfect real estate agent must have over 8 exhaustive years of service.
Just have years of experience in the real estate world does not matter unless the number of deals made is low. You must opt for a real estate agent who is active and manages a minimum one deal a month or more. With growing urbanization in major cities of Pakistan, real estate agents due to affordable housing schemes get greater chances of making a deal. Therefore, consider all aspects before analysing a real estate agent’s record. Another important part of digging into a real estate agent’s experience is to know the list of clients. This will not just help you contact them later but will also provide you with an outlook over the agent’s dealings.
Certification / Registration
Real estate agents in Pakistan often collectively work as agencies or corporations. Or in other cases, real estate agents often join their names with prominent real estate developers for a limited time to get recognition. This is what you need to see while choosing the perfect real estate agent. Ask the agent about its associations with any agency or developer and then analyse the performance. Also, look for the certifications that a real estate agent holds alongside its legal registration.
Your shortlisted candidates must have a keen knowledge of the market. You are not hiring a real estate agent to sell you an over-priced property or to sale your property after under-pricing it. Therefore, talk to the shortlisted candidates and see if they have enough knowledge of the marketplace especially with rapidly changing trends.
You hiring a real estate agent means frequent communication to get things done. Not just this, a real estate agent must prioritise you as a client. You cannot dig into knowing how a real estate agent treats its clients unless you go meet some. Therefore, you must take out time and visit the old list of clients and ask them about their experience. this can surely save a lot of your time later!
This makes us point out some of the common qualities that a real estate agent must have. Here is what a perfect real estate agent should be like:
Qualities of a Good Real Estate Agent
Qualities of a real estate agent directly impact the type of service he or she might be able to provide. Thus, consider the following; responsiveness, experience and knowledge.
A real estate agent must be fast and responsive as per to answer to your calls or messages. He or she must be fast is providing you with the right information related to a property or buyer. After all, you do not want to miss out on a great deal just because your agent was slow.
Second comes the experience, from selling residential plots on easy instalments to selling houses, he or she must have ample experience. Similar goes with the one who knows the art of purchasing. The number of deals made matter way more than the number of years.
Thirdly, a real estate agent must have ample knowledge of the neighbourhood. This means he or she must know the property value of most houses in the vicinity. Such data will allow you to conveniently work out your property’s value.
You must have now been able to understand what to look for while finding a perfect real estate agent in Pakistan. Besides, searching and researching, here is what you need to do next.
Visit Their Workplace
Try paying frequent visits to the real estate agents’ offices to learn how the work is being done. The way they treat their work will give you an idea about who truly values its clients. Moreover, paying uninformed visits can also help you see how the agent treats you.
Adding to this, visiting the offices or workplace means getting a chance to closely look into the older records and clientele listings. Thus, it is important for you to pay a few visits.
Speak to the shortlisted real estate agents live. It is essential that you interview at least three real estate agents from the shortlisted ones. Once you plan to interview them, ask them about their work, knowledge and the competitive market. Interviewing real estate agents means closely analysing their position in the marketplace.
Another important thing to ask while interviewing a real estate agent is about the contract and its liable conditions. In case you are not satisfied with the service, what shall be the procedure for termination. Moreover, will the agent charge a penalty?
A vigorous task indeed, finding a perfect real estate agent in Pakistan is no joke. One must dig into a list of agents and then shortlist the right ones. Never go for a real estate agent just because he or she tends to charge less than others but look for quality service. A bad real estate agent can end you up in greater loss. Therefore, choose wisely, just follow the mentioned stages and tips.
Finding the perfect real estate agent in Pakistan is no joke! From using your contacts to personally contacting a list and later shortlisting them, the process is complex. Undoubtedly, a bad real estate agent can end you up in greater loss. But do not worry, we are here to help! Here is all that you need to do to find the perfect real estate agent in Pakistan…